FxWirePro: USD/TRY hovers towards 4-week peak, jump till 6.8463 likely
The Turkish Lira declined, hovering towards a 4-week trough recorded in the prior session as the greenback surged against a basket of currencies. The dollar index gained after the U.S. Federal Reserve announced it would …
The Turkish Lira declined, hovering towards a 4-week trough recorded in the prior session as the greenback surged against a basket of currencies.
The dollar index gained after the U.S. Federal Reserve announced it would begin purchasing a diversified range of investment-grade U.S. corporate bonds.
USD/TRY is trading 0.2 percent higher at 6.8386, having hit a high of 6.8574 on Monday, its highest since May 19.
Immediate resistance is located at 6.8463, any close above could take it above 6.8765.
On the downside, support is seen at 6.8026 (7-EMA) and break below could take it near 6.7856.
